Western Pacific Wealth Management LP Has $5.36 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Western Pacific Wealth Management LP decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,904 shares of the computer hardware maker’s stock after selling 701 shares during the period. NVIDIA accounts for about 4.3% of Western Pacific Wealth Management LP’s portfolio, making the stock its 7th biggest holding. Western Pacific Wealth Management LP’s holdings in NVIDIA were worth $5,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. McAdam LLC boosted its stake in shares of NVIDIA by 1.8% in the fourth quarter. McAdam LLC now owns 90,998 shares of the computer hardware maker’s stock worth $12,220,000 after acquiring an additional 1,615 shares during the period. Pacific Sage Partners LLC boosted its stake in NVIDIA by 51.8% during the fourth quarter. Pacific Sage Partners LLC now owns 23,780 shares of the computer hardware maker’s stock valued at $3,193,000 after buying an additional 8,115 shares during the last quarter. Round Rock Advisors LLC boosted its stake in NVIDIA by 66.9% during the fourth quarter. Round Rock Advisors LLC now owns 24,799 shares of the computer hardware maker’s stock valued at $3,330,000 after buying an additional 9,936 shares during the last quarter. Sutton Place Investors LLC boosted its stake in NVIDIA by 9.8% during the fourth quarter. Sutton Place Investors LLC now owns 16,028 shares of the computer hardware maker’s stock valued at $2,152,000 after buying an additional 1,430 shares during the last quarter. Finally, Jacobsen Capital Management boosted its stake in NVIDIA by 0.7% during the fourth quarter. Jacobsen Capital Management now owns 43,372 shares of the computer hardware maker’s stock valued at $5,824,000 after buying an additional 281 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 3.9 %

NVDA opened at $124.81 on Friday. The stock’s fifty day moving average is $134.19 and its two-hundred day moving average is $131.92. The company has a market capitalization of $3.06 trillion, a P/E ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price target on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Raymond James increased their price target on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. TD Cowen increased their price target on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Melius Research upped their price objective on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $169.62.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.